Liquity is an Ethereum-based decentralized borrowing platform that enables users to receive loans and supply funds to earn fees. Loans on Liquity are interest free, use Ether as collateral, have a low minimum collateral ratio of 110% and are paid out in the protocol’s USD-pegged stablecoin, LUSD. LQTY captures revenue from service fees and is distributed to those who deposit LUSD in stability and liquidity pools.